Managerial contrac is a definiton of contract for a member of administration for performance of specific jobs, and it also relates to the work contract of senior employees, belonging to senior and middle managment. The concept of managerial contract was also used as a legal term. IN domestic practice, contract of administration member just partially overlaps with the concept of managerial contract. In practice, admnistartion members are concluding work contratcs, managerial contracts and there is also possiblity of cobination these two forms.Managerial contract also applies to leading workers, whose job is organization and control other workers, and the leading workers are also in the subordination to the other workers adn administration itself. The conlusion of a contract on the job performance is not mandatory, but it follows after the appointment of the members and acceptance of the appointment. The contract will not be concluded with a worker in the concern, who receives specific fee for his job, which is one of the significant parts of the contract content.The form of managerial contract is not legally determined, and the contractual parties have freedom to choose form of contract. Contract can be conluded in writing and verbal form, but due to consequences that may result from verbal form, it is the most acceptable to conclude a contract in writing form. The most important thing is to distinguish between a contract that regulates membership in administration and contract of the administration member.